Quote:
Originally Posted by Azure
Coinbase has basically come out and said that we shouldn't expect their system to hold up if there is a rush on the currency.
A run is fine I suppose because at least people won't be losing their lives, but if it crashes and people are trying to get out everyone is going to panic and the system will crash.
|
The bitcoin network is SLOW if you need to get your money out it'll cost you $20-30 to get it to the exchange from your wallet in the lightning speed time of 30-50 minutes.
That is based on the current transaction rate, a run would cause a spike in transaction cost. If a run happens then enjoy the ride as you probably aren't getting your money out of that network.
Sent from my Pixel 2 XL using Tapatalk